L G & W Federal Credit Union

Headquarters

1616 Whitten Rd
Memphis, TN 38134
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 4.08% →
1-Year CD 0.70% 4.71% →
2-Year CD 0.80% 4.73% →
5-Year CD 1.00% 4.75% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 1.93% →

2022 Overview

General Credit Union Information

L G & W is an NCUA insured institution located in Memphis, TN. It was founded in 1940 and has approximately $113.19 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 3796
Date Established 1940
Assets $113.19 million
Loans $29.59 million
Deposits $93.23 million
Capital $21.32 million
 

Field of Membership Restrictions

Membership is open to employees of Memphis, Light, Gas & Water and their immediate family.

Deposit Rates - December 2, 2022

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.50% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
0.70% $10,000 $14,999 Learn More
12 Mo CD
0.70% $100,000 $199,999 Learn More
24 Mo CD
0.80% $10,000 $14,999 Learn More
24 Mo CD
0.80% $100,000 $199,999 Learn More
36 Mo CD
0.90% $10,000 $14,999 Learn More
36 Mo CD
0.90% $100,000 $199,999 Learn More
48 Mo CD
0.95% $10,000 $14,999 Learn More
48 Mo CD
0.95% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.55% $1 $499 Learn MoreShow Less

Loan Rates - December 2, 2022

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for L G & W

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Virginia 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Morty, Inc.
NMLS ID: 1429243
5.705% 5.625% 0.88 $2,190 $1,440 Learn More
PenFed Credit Union
NMLS ID: 401822
5.830% 5.750% 0.88 $2,188 $1,459 Learn More
First Internet Bank
NMLS ID: 424182
6.200% 6.125% 0.75 $1,998 $1,520 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
6.490 %
After Intro: 7.500 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
6.240 %
$0 Learn More
More Info

Note to L G & W
To upload and update your bank's rates please register. It is free to register and add rates.


 

Branches

Below are L G & W branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


L G & W Locations



Climate Initiatives

L G & W is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

Financial Details

L G & W Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of L G & W. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
L G & W U.S. Average
0.33% 4.24

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2022, L G & W had $60,266 in non-current loans and $11,481 in owned assets. To cover these potential losses it had $21,316,340 in net worth and $234,001 in loans loss reserves. That gives it a Texas Ratio of 0.33%.

Net Worth
L G & W U.S. Average
18.83% 12.40%

L G & W FCU has a net worth of 18.83% versus the BestCashCow average of 12.40. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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